Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 14,992,761 shares, a decrease of 14.4% from the August 15th total of 17,507,915 shares. Based on an average daily trading volume, of 3,589,063 shares, the short-interest ratio is presently 4.2 days. Currently, 23.7% of the company’s stock are sold short.

Several brokerages recently commented on SBRA. Cantor Fitzgerald reissued a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Sabra Healthcare REIT in a research report on Sunday, July 9th. BidaskClub cut Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, JMP Securities raised Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.00.

Several hedge funds and other institutional investors have recently made changes to their positions in SBRA. Bank of Montreal Can boosted its stake in shares of Sabra Healthcare REIT by 44.1% in the 1st quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,191 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Sabra Healthcare REIT in the 1st quarter worth approximately $420,000. Shell Asset Management Co. purchased a new position in shares of Sabra Healthcare REIT in the 1st quarter worth approximately $436,000. Russell Investments Group Ltd. boosted its stake in shares of Sabra Healthcare REIT by 8,271.7% in the 1st quarter. Russell Investments Group Ltd. now owns 418,333 shares of the real estate investment trust’s stock worth $11,684,000 after buying an additional 413,336 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Sabra Healthcare REIT by 6.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 93,954 shares of the real estate investment trust’s stock worth $2,621,000 after buying an additional 5,841 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Shares of Sabra Healthcare REIT (NASDAQ SBRA) opened at 23.46 on Monday. The firm has a 50-day moving average price of $22.35 and a 200 day moving average price of $24.66. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 19.75 and a beta of 0.89. Sabra Healthcare REIT has a 1-year low of $19.30 and a 1-year high of $29.10.

WARNING: “Short Interest in Sabra Healthcare REIT, Inc. (SBRA) Declines By 14.4%” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/17/short-interest-in-sabra-healthcare-reit-inc-sbra-declines-by-14-4.html.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.